TICON forms second JV with local listed firm for expansion in Indonesia

Image from Ticon.

Ticon Industrial Connection Pcl (TICON), a Thai-listed factory and warehouse developer, has formed a second JV firm with Indonesia’s property developer PT Surya Semesta Internusa Tbk (SSIA) to expand into South Sulawesi and South Kalimantan areas.

The new company, called PT Surya Internusa Timur (SIT), has an initial registered capital of $15 million, said TICON’s chief executive officer Virapan Pulges.

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